Why is VRL Logistics falling/rising?

As of 18-Jul, VRL Logistics Ltd is currently priced at 635.05, reflecting a decrease of 9.0 points or 1.4%. The stock has recently hit a new 52-week high of Rs. 650.95 but has fallen after six consecutive days of gains, indicating a potential trend reversal. Despite today's underperformance against its sector by 0.63%, the stock has shown strong returns over various periods, including a 10.44% increase over the past month and a 26.13% rise year-to-date. The company has reported positive financial results, including a 24.96% growth in net profit and consistent positive results over the last three quarters, contributing to its strong buy sentiment. However, the long-term growth outlook is tempered by a modest annual sales growth rate of 8.33% over the past five years.
Broader market context reveals that while the BSE500 index has generated negative returns of -0.36% over the last year, VRL Logistics has managed to outperform with a return of 10.17%. This performance highlights the stock's resilience in a challenging market environment. Additionally, the stock's liquidity appears sufficient for trading, with a delivery volume increase of 2.67% against the five-day average. However, the recent decline in price may reflect profit-taking after a strong rally, as well as the stock's current trading position above its moving averages, which could signal a correction phase.